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The Academy of Motion Pictures Arts & Science Corporation
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The Academy of Motion Pictures Arts & Science Corporation specialized in the development and sale of transmission devices for avatars from earth to visit other planets.  The company?s Treasurer has assembled the following data for use in forecasting the company's cash position for the next six months.

 

Current bank balance ? assume January 1

$5,000

Estimated monthly payroll and related items

$40,000

Estimated monthly depreciation

$4,000

Interest payable in June

$6,000

Real estate taxes payable in March

$4,000

 

Other Forecasted items:

 

 

 

Purchases

Month

Sales ($)

Inventory ($)

Capital Items ($)

December

120,000

40,000

80,000

January

120,000

60,000

-0-

February

160,000

120,000

-0-

March

400,000

75,000

25,000

April

200,000

80,000

5,000

May

240,000

90,000

-0-

June

260,000

130,000

-0-

 

 

Note: November Sales were $80,000 and October Sales were $100,000.  Historically, credit sales have been collected 50% one month after the sale, 25% two months after the sale, and 20% three months after the sale, and 5% not collectible. There are no cash sales. The company has always paid their bills for inventory and capital items 30 days after receipt.  

 

REQUIRED

A monthly forecast of cash inflows, outflows, bank balances, cash shortage or surplus and recommended management actions suggested by the forecast.

 


I was able to complete most of it, except the "cash out" section, and the suggestion for management action

 







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